GBP/USD: UK construction PMI surprisingly fell in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.4411, after UK’s construction PMI unexpectedly declined to a level of 51.2 in May, as output growth fell to its weakest … Continue reading

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GBP/USD: Pound trading a tad higher, ahead of the BoE Chief’s speech

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.52% against the USD and closed at 1.4416. In economic news, UK’s seasonally adjusted Markit manufacturing PMI advanced above expectations to a level of 50.1 in May, compared … Continue reading

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GBP/USD: Pound trading tad lower, ahead of UK’s Markit manufacturing PMI data for May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.92% against the USD and closed at 1.4492. In the Asian session, at GMT0300, the pair is trading at 1.4488, with the GBP trading marginally lower from yesterday’s … Continue reading

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GBP/USD: Pound extends its gains in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.14% against the USD and closed at 1.4626. In the Asian session, at GMT0300, the pair is trading at 1.4689, with the GBP trading 0.43% higher from yesterday’s … Continue reading

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GBP/USD: UK GDP rose as expected in 1Q 2016

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.24% against the USD and closed at 1.4661. In economic news, the second estimate of UK’s gross domestic product (GDP) advanced in line with market expectations by 0.4% … Continue reading

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GBP/USD: Pound trading tad higher, ahead of Britain’s Q1 GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.46% against the USD and closed at 1.4696. In the Asian session, at GMT0300, the pair is trading at 1.4702, with the GBP trading marginally higher from yesterday’s … Continue reading

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GBP/USD: Pound trading lower this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.02% against the USD and closed at 1.4628, after a fresh poll indicated renewed support for Britain to stay in the European Union, thus easing Brexit worries. In … Continue reading

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GBP/USD: Pound trading higher, ahead of UK’s public sector net borrowing data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.10% against the USD and closed at 1.4480. In the Asian session, at GMT0300, the pair is trading at 1.4491, with the GBP trading 0.08% higher from yesterday’s … Continue reading

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GBP/USD: Pound trading higher this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.78% against the USD and closed at 1.4486. In economic news, UK’s CBI industrial trends orders unexpectedly rose to a five-month high level of -8.0 in May, compared … Continue reading

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GBP/USD: UK retail sales bounced back strongly in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.4600, after UK’s retail sales rebounded above expectations in April. Data showed that retails sales in Britain rose 1.5% MoM in … Continue reading

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GBP/USD: UK’s unemployment rate held steady at 5.1% during the three months to March 2016

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.01% against the USD and closed at 1.4599, following the release of a mixed UK jobs report. Data showed that the number of people employed in Britain rose … Continue reading

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